10 replies to this topic

[Rogerdodger]

Time to "Keep Stacking"...or "Take a Shellacking"?
 

One finance expert thinks Bitcoin's worth could tank as low $10,000

The crypto market was said to be a sea of red this morning with lots of other popular coins crashing.

Ethereum is the second biggest cryptocurrency and that was down 12%.

 

CRYPTO FUTURES

 

Bitcoin predicted to 'crash'...
Investors told to pull out...
Losses mount...

Bitcoin mining is being banned in countries across the globe—and threatening the future of crypto

Crypto is fully banned in China and 8 other countries

Kosovo bans cryptocurrency mining after blackouts

Edited by Rogerdodger, 07 January 2022 - 12:02 PM.

[Rogerdodger]

Kosovo bans cryptocurrency mining after blackouts

 

Talk about BLACKOUTS...Just wait until everyone starts plugging in their new EVs!

 

What a joke!

They will start burning more coal than ever before just to "save" the environment!

 

Edited by Rogerdodger, 07 January 2022 - 06:03 PM.

[fib_1618]

Seems like we get posts like this on every pullback...wrong way Corrigan's of the modern age.

 

Meanwhile: https://tinyurl.com/yy5v3xff

 

As the old saying goes..."bull markets do not like company."

 

Fib

[fib_1618]

 

 

 

Yep...the dirty little secret no one talks about.

 

Meanwhile, China keeps building bigger and bigger coal plants.

 

Fib

[tradesurfer]

bitcoin does look primed to crasht his weekend...  look at the chart... below 30 RSI is crash zone

[Russ]

I have trends for Bitcoin to go down into 2026, it has put in an M top.... 

[Iblayz]

Seems like we get posts like this on every pullback...wrong way Corrigan's of the modern age.

 

Meanwhile: https://tinyurl.com/yy5v3xff

 

As the old saying goes..."bull markets do not like company."

 

Fib

Read that. Off the subject of the thread, but hidden in there was Visa's attempt to buy Plaid. At least the Justice dept. stepped in. That is one particular thing that I HATE about the stock market. It provides too many players with so much capital in the form of cash and/or their own stock (via elevated prices). We could have SO much more competition in the marketplace if more of these "crush and control the competition" deals were denied instead of rubber-stamped. No problem with companies diversifying. That spreads the risks and stabilizes the company. But buying direct competition as we see over and over and over? Too much of it and it hurts us all.

[Rogerdodger]

Kosovo bans cryptocurrency mining after blackouts

 

Talk about BLACKOUTS...Just wait until everyone starts plugging in their new EVs!

 

What a joke!

They will start burning more coal than ever before just to "save" the environment!

 

I think that RUSSIA will have a very enriching future producing energy for the world and thus controlling Europe.

Energy that Sleepy just shut off to America.

"I did that!"

[Rogerdodger]

Bitcoin slumps to a three-month low as cryptocurrencies extend losses

Published Fri, Jan 7 2022

 

Bitcoin dropped to a three-month low late Friday amid jitters over U.S. monetary policy tightening and an internet shutdown in Kazakhstan, the world’s second-biggest bitcoin mining hub.

The price of bitcoin fell below the $41,000 mark to $40,749.90 just after 10:50 a.m. ET Friday, reaching its lowest level since Sept. 29, according to data from Coin Metrics. It was last trading down 2.9% at a price of $41,947.75.

 

• The price of bitcoin fell below the $41,000 mark on Friday, reaching its lowest level since Sept. 29, according to data from Coin Metrics.
• Hawkish comments from the Federal Reserve this week triggered a sell-off in global stock markets which spilled over into cryptocurrencies.
• An internet shutdown in Kazakhstan, the world’s second-largest bitcoin mining hub, is also weighing on crypto prices.

[tradesurfer]

watch bitcoin closely this weekend !!

 

RSI is under the 30 level or the crash risk zone...

 

let us not forget that bitcoin dropped 40% in one day on March 12, 2020

 

now whether that leads to also a us stocks crash is another matter...

 

 

I guess the question is does a huge 40 % drop in bitcoin lead to margin call selling of other assets...

 

 

In armstrongs model for the Symbol :  SCHG  the schwab large cap growth, on the monthly time frame it says " collapse likely "

 

The SCHG chart pattern looks quite similar to the QQQ

Edited by tradesurfer, 08 January 2022 - 01:14 PM.